NEW YORK - Wall Street took a nosedive on Friday on fears that the world's two largest economies could resume a trade war, dragging down a global stocks index on a day that many financial markets were closed for a holiday.
Trump offered no evidence after claiming on Thursday he had seen proof that the virus originated in a Chinese laboratory. The Dow Jones Industrial Average fell 622.03 points, or 2.55 per cent, to 23,723.69, the S&P 500 lost 81.72 points, or 2.81 per cent, to 2,830.71, and the Nasdaq Composite dropped 284.60 points, or 3.2 per cent, to 8,604.95.
The market looked ahead to next week's projection for USborrowing in the second quarter to finance enormous stimulus efforts aimed at combating the economic fallout of the coronavirus outbreak.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump threatens new tariffs on China as US mulls retaliatory action over COVID-19WASHINGTON: US President Donald Trump said on Thursday (Apr 30) his hard-fought trade deal with China was now of secondary importance to the ... Because the one thing the world will need to recover from this economically is a trade war. Unbelievably stupid but not surprising. I love it. Hold CCP to account Mr President! Americans are with you.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump threatens new tariffs on China as US mulls retaliatory action over virusU.S. President Donald Trump said on Thursday his hard-fought trade deal with China was now of secondary importance to the coronavirus pandemic and ... Maybe if he looked into the mirror False news，next aldotjahjadi8 US Federal already had difficult time to access global supply chain for PPE, test kit, etc due to previous trade war. And he want to add more?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall St. slides as Trump warns of new China tariffsU.S. stock index futures slid on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump fires new volley in war of words with Biden over ChinaREUTERS: President Donald Trump's re-election campaign plans to roll out a new advertisement targeting Democratic opponent Joe Biden's record on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Futures slide as Trump threatens new tariffs on ChinaU.S. stock index futures slid on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Stocks fall further after Trump's China tariff threatWorld stocks pulled back further on Friday on grim U.S. economic data, mixed company results and President Donald Trump's threat to impose new ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »